USDA Central States Print Butter                   12/04 15:35
AMS_1089 MARS

Butter - Central U.S.

Released on December 04, 2024

Butter churning is active after some allotted downtime over the holiday week. 
Cream suppliers relayed only minimal issues finding destinations for their 
extra cream last week, as some butter plants were actively churning. Spot cream 
multiples returned to a similar range to the week(s) prior to Thanksgiving. At 
report time, multiples have been reported into churns from 1.06 to 1.10. Butter 
is available, particularly the 80 percent milkfat salted variety. Butter market 
tones are uncertain moving into the final month of the year. Some contacts 
expect to see more downward price pressure, while others relay a more 
rangebound (around the $2.50/lb mark) quality moving forward.

Prices for: Central, All First Sales, F.O.B., Grade AA, Edible Butter

Basis Pricing - 80% Butterfat:               0.01-0.05


Information for the period December 2 - 6, 2024, issued weekly

Secondary Sourced Information:

The CME Group November monthly average price for Grade AA butter was $2.6003, 
compared to $2.6736 in October.